view our Practice areas

Will spousal support be part of your divorce?

During your marriage, you and your spouse may have pooled your resources in order to keep up the lifestyle you enjoyed here in Connecticut. Now that you and your spouse have agreed to part ways, some financial adjustments will be necessary. Depending on the circumstances, you could either pay or receive spousal support as part of your divorce.

As you work to come to a resolution regarding alimony, you may need to gather more information about how it could affect your finances post-divorce. The tax ramifications of spousal support differ, depending on whether you receive it or pay it. If you pay it, you may be able to deduct it from your income taxes. If you receive it, the IRS considers it income, so you will need to add it to your gross income when you file your income taxes.

There may be ways to divide your assets that could limit the amount of alimony paid and, thus, lower the amount of taxes the recipient may need to pay. In fact, you may need to consider the tax implications of every asset that you and your soon-to-be former spouse will divide as part of your divorce. Many Connecticut couples end up in trouble because they fail to consider this area.

Whether you are looking at the issue of spousal support or are dividing assets, it would greatly benefit you to gain an understanding of the taxes associated with each asset, along with how your property division will affect you in the future. Without the whole picture, you could jeopardize your financial plans. An attorney who not only looks to help you with your short-term goals in your divorce, but your long-term goals as well, could provide you with invaluable assistance as you prepare for your new life.

No Comments

Leave a comment
Comment Information

We Listen, We Help, We Care

  • Hi Yuliana and Attorney Prince, Thank you so much for taking time out of your busy day to meet with me. I really appreciated how compassionate you were while listening to my situation, even through my tears. Thank you so much for sharing such valuable information with me. I left feeling very hopeful that when the dust settles, I’ll be ok.
  • Wendy helped guide us through a very difficult and emotional process and was really able to provide an even and fair account for both parties. It's quite evident in her expertise in this area but the way she was able to make you feel safe and secure in a very insecure time goes far beyond her legal prowess. If the two parties are really willing to cooperate and collaborate, she's there to help gain the best possible solution for all involved, especially if there are children.
  • Regardless of how committed one is to the fact that divorce may be imminent and necessary, it is truly one of the most emotional and stressful situations one can experience. It can also be daunting. Wendy has a remarkable ability to cut through the noise and help you focus on the big picture while drilling down on what is most pertinent to your particular situation., they are a formidable team who work collectively with your best interests in mind.
Email Us For a Response

Let Us Help You Move Forward

Call The Prince Law Group, LLC, in Stamford, Connecticut, at 203-977-3700 or contact us online to schedule your complimentary consultation with one of our lawyers. We will accommodate your schedule with an evening appointment. Spanish translator services available.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Prince Law Group BBB Business Review
Review Us

1 Atlantic Street
6th Floor
Stamford, CT 06901

Phone: 203-653-8483
Stamford Law Office Map

The Prince Law Group

Valet Parking at the Marriott Courtyard

Flexible Hours – Evening Hours Available by Appointment

Walking Distance to the Stamford Train Station